Can I retire at age 30 with 548,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$45,253$44,850$44,457$44,073$43,698$42,350
2 years$22,403$21,985$21,581$21,189$20,809$19,462
3 years$14,787$14,368$13,964$13,576$13,202$11,900
4 years$10,980$10,562$10,162$9,781$9,416$8,167
5 years$8,696$8,281$7,887$7,513$7,158$5,967
6 years$7,174$6,762$6,373$6,008$5,664$4,531
7 years$6,087$5,678$5,296$4,939$4,606$3,531
8 years$5,272$4,867$4,492$4,144$3,821$2,804
9 years$4,639$4,238$3,869$3,529$3,218$2,257
10 years$4,133$3,736$3,373$3,042$2,742$1,836
11 years$3,719$3,326$2,969$2,648$2,358$1,506
12 years$3,374$2,985$2,635$2,322$2,043$1,243
13 years$3,083$2,697$2,354$2,050$1,782$1,031
14 years$2,833$2,452$2,115$1,820$1,562$859
15 years$2,617$2,240$1,910$1,623$1,375$718
16 years$2,428$2,055$1,732$1,453$1,216$602
17 years$2,261$1,893$1,576$1,306$1,078$506
18 years$2,113$1,749$1,438$1,177$958$426
19 years$1,981$1,621$1,317$1,063$854$359
20 years$1,862$1,506$1,209$963$763$303
21 years$1,755$1,403$1,112$874$683$256
22 years$1,658$1,310$1,025$795$612$217
23 years$1,569$1,225$946$724$549$183
24 years$1,488$1,148$875$660$494$155
25 years$1,413$1,077$810$603$444$132
26 years$1,344$1,012$752$551$400$112
27 years$1,280$953$698$505$361$95
28 years$1,221$898$649$462$326$80
29 years$1,167$847$604$424$294$68
30 years$1,115$800$562$389$266$58
31 years$1,068$756$524$357$240$49
32 years$1,023$715$489$328$217$42
33 years$981$677$457$302$197$36
34 years$942$642$427$278$178$30
35 years$905$609$399$256$161$26
36 years$870$578$373$236$146$22
37 years$837$549$349$217$132$19
38 years$806$522$327$200$120$16
39 years$777$496$306$184$109$13
40 years$749$472$287$170$99$11
41 years$723$449$269$157$90$10
42 years$698$428$253$145$81$8
43 years$674$408$237$134$74$7
44 years$651$389$223$123$67$6
45 years$629$371$209$114$61$5
46 years$609$354$196$105$55$4
47 years$589$337$184$97$50$4
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$3
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $548,000, adding $4,637 every year, while hoping to spend $24,196 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/10/8 Blend
29$548,000$548,000$548,000$548,000
30$608,679$579,635$571,141$657,616
31$645,020$582,293$564,530$692,972
32$684,257$584,270$556,886$728,077
33$726,659$585,507$548,150$765,878
34$772,524$585,943$538,259$806,629
35$822,176$585,509$527,146$850,614
36$875,976$584,136$514,742$898,144
37$934,316$581,749$500,977$949,560
38$997,629$578,268$485,773$1,005,240
39$1,066,393$573,610$469,052$1,065,598
40$1,141,132$567,683$450,732$1,131,094
41$1,222,422$560,394$430,726$1,202,230
42$1,310,898$551,642$408,944$1,279,562
43$1,407,258$541,321$385,292$1,363,702
44$1,512,269$529,317$359,671$1,455,325
45$1,626,779$515,511$331,977$1,555,173
46$1,751,716$499,777$302,105$1,664,065
47$1,888,106$481,981$269,940$1,782,904
48$2,037,075$461,981$235,365$1,912,683
49$2,199,866$439,627$198,259$2,054,500
50$2,377,844$414,760$158,492$2,209,560
51$2,572,513$387,213$115,931$2,379,196
52$2,785,531$356,808$70,437$2,564,875
53$3,018,722$323,358$21,863$2,768,212
54$3,274,093$286,664$0$2,990,990
55$3,553,858$246,518$0$3,237,731
56$3,860,451$202,697$0$3,510,198
57$4,196,556$154,968$0$3,808,925
58$4,565,128$103,084$0$4,136,553
59$4,969,420$46,784$0$4,495,998
60$5,413,017$0$0$4,890,469
61$5,899,868$0$0$5,325,067
62$6,434,322$0$0$5,807,822
63$7,021,168$0$0$6,337,916
64$7,665,686$0$0$6,920,117
65$8,373,687$0$0$7,559,678
66$9,151,577$0$0$8,262,386
67$10,006,410$0$0$9,034,616
68$10,945,960$0$0$9,883,392
69$11,978,789$0$0$10,816,451
70$13,114,331$0$0$11,842,319
71$14,362,980$0$0$12,970,386
72$15,736,188$0$0$14,211,001
73$17,246,570$0$0$15,575,565
74$18,908,028$0$0$17,076,637
75$20,735,878$0$0$18,728,059
76$22,746,994$0$0$20,545,078
77$24,959,970$0$0$22,544,495
78$27,395,291$0$0$24,744,824
79$30,075,532$0$0$27,166,461
80$33,025,564$0$0$29,831,882
81$36,272,793$0$0$32,765,850
82$39,847,415$0$0$35,995,654
83$43,782,705$0$0$39,551,359
84$48,115,326$0$0$43,466,097
85$52,885,679$0$0$47,776,374
86$58,138,279$0$0$52,522,417
87$63,922,180$0$0$57,748,550
88$70,291,433$0$0$63,503,618
89$77,305,599$0$0$69,841,442
90$85,030,310$0$0$76,821,327
91$93,537,887$0$0$84,508,627
92$102,908,023$0$0$92,975,355
93$113,228,536$0$0$102,300,864
94$124,596,193$0$0$112,572,600
95$137,117,629$0$0$123,886,919
96$150,910,349$0$0$136,350,004
97$166,103,839$0$0$150,078,862
98$182,840,784$0$0$165,202,430
99$201,278,420$0$0$181,862,791
100$221,590,013$0$0$200,216,515